LAND vs. DBA
Compare and contrast key facts about Gladstone Land Corporation (LAND) and Invesco DB Agriculture Fund (DBA).
DBA is a passively managed fund by Invesco that tracks the performance of the DBIQ Diversified Agriculture Index TR. It was launched on Jan 5, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LAND or DBA.
Key characteristics
| LAND | DBA | |
|---|---|---|
| YTD Return | -11.60% | 23.38% |
| 1Y Return | -8.77% | 19.68% |
| 3Y Return (Ann) | -20.51% | 10.88% |
| 5Y Return (Ann) | 3.63% | 11.06% |
| 10Y Return (Ann) | 5.41% | 0.65% |
| Sharpe Ratio | -0.29 | 1.17 |
| Sortino Ratio | -0.26 | 1.66 |
| Omega Ratio | 0.97 | 1.21 |
| Calmar Ratio | -0.10 | 0.45 |
| Martin Ratio | -0.82 | 3.70 |
| Ulcer Index | 8.58% | 5.79% |
| Daily Std Dev | 24.14% | 18.26% |
| Max Drawdown | -68.33% | -67.97% |
| Current Drawdown | -67.72% | -34.54% |
Correlation
The correlation between LAND and DBA is 0.07, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
LAND vs. DBA - Performance Comparison
In the year-to-date period, LAND achieves a -11.60% return, which is significantly lower than DBA's 23.38% return. Over the past 10 years, LAND has outperformed DBA with an annualized return of 5.41%, while DBA has yielded a comparatively lower 0.65% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
LAND vs. DBA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Gladstone Land Corporation (LAND) and Invesco DB Agriculture Fund (DBA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
LAND vs. DBA - Dividend Comparison
LAND's dividend yield for the trailing twelve months is around 4.55%, more than DBA's 3.75% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LAND Gladstone Land Corporation | 4.55% | 3.82% | 2.98% | 1.60% | 3.69% | 4.12% | 4.60% | 3.91% | 4.40% | 5.38% | 3.36% | 9.20% |
DBA Invesco DB Agriculture Fund | 3.75% | 4.63% | 0.48% | 0.00% | 0.00% | 1.55% | 1.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
LAND vs. DBA - Drawdown Comparison
The maximum LAND drawdown since its inception was -68.33%, roughly equal to the maximum DBA drawdown of -67.97%. Use the drawdown chart below to compare losses from any high point for LAND and DBA. For additional features, visit the drawdowns tool.
Volatility
LAND vs. DBA - Volatility Comparison
Gladstone Land Corporation (LAND) has a higher volatility of 6.71% compared to Invesco DB Agriculture Fund (DBA) at 4.04%. This indicates that LAND's price experiences larger fluctuations and is considered to be riskier than DBA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.